Where will arbitration between a Bor Restoration franchisee and franchisor be conducted in Indiana?
Bor_Restoration Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 17(u) is amended to provide that arbitration between a franchisee and franchisor will be conducted in Indiana or a site mutually agreed upon.
Source: Item 23 — Receipts (FDD pages 40–202)
What This Means (2024 FDD)
According to Bor Restoration's 2024 Franchise Disclosure Document, Item 17 of the Franchise Disclosure Document is amended for franchisees in Indiana. Specifically, Item 17(u) is amended to state that arbitration between a Bor Restoration franchisee and franchisor will be conducted in Indiana. However, the arbitration can occur at a site that is mutually agreed upon by both parties.
This amendment ensures that Indiana Bor Restoration franchisees are not forced to travel out of state for arbitration proceedings, which could save them significant time and money. It also provides an option for both parties to find a location that is convenient for everyone involved.
It is important for prospective franchisees to discuss this amendment with Bor Restoration to fully understand the implications of this clause and to determine the potential locations for arbitration within Indiana.